TechFlow reports on January 22, according to The Block, investment bank TD Cowen stated that Trump's TRUMP meme coin could impact the U.S. bipartisan legislative process on cryptocurrency markets. The report suggests Democrats may demand investigations into the possibility of foreign governments and commercial interests influencing Trump's team through token purchases, while Republicans are likely to defend Trump, intensifying partisan divisions.
TD Cowen analyst Jaret Seiberg said that considering midterm election factors, crypto legislation was already likely to be delayed until 2026, leaving sufficient time to complete relevant investigations, hence he is "less concerned" about legislative delays.
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